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Old 09-21-2005, 09:27 AM
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Quote:
Originally Posted by ekaz
I'm thinking of starting myself a small business and would like some assistance. It's only going to be a small side business right now, mostly computer related stuff. My biggest hang-ups are: should I setup an LLC, reg. corporation, or sole propietorship (sp?). I'm against the last option as my personal assets aren't really protected. Also, is it worth it to pay a lawyer to write it all up and file it, or is it self-doable? Just getting tired of lining someone else's pockets, want to start lining my own. Thanks in advance.

LLC,Sole Prop, will get taxed at YOUR rate. Meaning if you have a day job that puts you in the 28 or higher bracket, a C corporation only gets taxed at 15% for the first 50k in income so it might be beneficial to look at that. Good luck with the business though!
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